The Gotianun family's conglomerate Filinvest Development Corporation (FDC) saw a 7% consolidated net income growth in the first quarter of 2026. Its bottom line stood at P4.5 billion during the January to March 2026 period.
The Gotianun family’s conglomerate Filinvest Development Corporation saw a 7% consolidated net income growth in the first quarter of 2026. In a news release on Thursday, FDC said its bottom line stood at P4.5 billion during the January to March 2026 period.
FDC added its total revenues and other income increased by 5% to P30.8 billion year-on-year. The company said the growth in revenues and other income by its business segments were as follows: banking, 12% to P15.6 billion; real estate, 16% to P7.9 billion; and hospitality, 0.8% to P1.2 billion.
Meanwhile, its power business declined by 28% to P3.6 billion.
“Business results were mixed: Real estate and hospitality showed resilience against macroeconomic pressure while for others, profits were flat or experienced decreases versus a year ago. We are facing the challenges with resolve to achieve revenue and profit growth in 2026, despite increasing inflation and weakening GDP growth, through astute strategies and persistence of our organization,” said FDC president and CEO Rhoda Huang. — Ted Cordero/BM GMA News
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